Quote:
Originally Posted by the indigo
I don't believe this is the reason at all. First Paxum would wire them daily with the kind of volume they do daily so if the cashflow is 7 days it doesn't matter as they receive funds every day from Paxum.
This is not like an affiliate that receive his payout every 2 weeks and has to wait another week to get it from Paxum. Once the cash flow is set and running, what's the reason the stop the flow?
This is not in Paxum's interests, nor is it in the affiliates pushing volume with paxum funds. So just removing it from their funding option without any reason stated is pretty bad for both these sides.
They sell their own inventory of display traffic, not bricks... no needs to cut a cashflow serving their customers if there's not something bad going very wrong on Paxum's side.  |
You don't think net 7-10 BUSINESS days on a wire is a problem? Yeah it is, because even if cash flow is daily and normal that leaves 10-14 days of their revenue in the hands of another company and as you say they do such volume would you like 14 days of rev being held? The risk is too great, if paxum closed shop even if they are getting a daily wire, they would lose 14 days of revenue. I totally understand their decision. A wire anywhere in the world should never take more than 2-3 business days at absolute max.
Paxum provides a great service but it is at a cost, it depends on what you use it for, if you use it to simply fund buys then everything is instant, if you are getting paid via paxum and need to live on that money, things are a little too complicated. I could be wrong, how long does the global ACH withdrawal take?